Denison Mines Corp. (NYSEAMERICAN:DNN) Shares Sold by Alpha Wave Global LP

Alpha Wave Global LP lowered its stake in shares of Denison Mines Corp. (NYSEAMERICAN:DNN - Free Report) TSE: DML by 58.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,099,946 shares of the basic materials company's stock after selling 1,550,127 shares during the period. Denison Mines makes up approximately 0.9% of Alpha Wave Global LP's holdings, making the stock its 15th biggest position. Alpha Wave Global LP owned approximately 0.12% of Denison Mines worth $1,980,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DNN. Farringdon Capital Ltd. bought a new position in Denison Mines in the fourth quarter valued at about $130,000. Marshall Wace LLP lifted its stake in shares of Denison Mines by 41.5% in the 4th quarter. Marshall Wace LLP now owns 8,135,130 shares of the basic materials company's stock worth $14,643,000 after purchasing an additional 2,387,923 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Denison Mines by 23.8% in the fourth quarter. NewEdge Advisors LLC now owns 223,592 shares of the basic materials company's stock worth $402,000 after buying an additional 43,037 shares during the last quarter. Integrity Wealth Advisors Inc. bought a new stake in Denison Mines during the fourth quarter valued at approximately $111,000. Finally, Titan Global Capital Management USA LLC increased its holdings in Denison Mines by 8.9% during the fourth quarter. Titan Global Capital Management USA LLC now owns 2,738,718 shares of the basic materials company's stock valued at $4,930,000 after buying an additional 223,145 shares during the last quarter. 36.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on DNN shares. Desjardins assumed coverage on Denison Mines in a research report on Friday, April 4th. They set a "buy" rating on the stock. Scotiabank reaffirmed an "outperform" rating on shares of Denison Mines in a report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, five have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Denison Mines currently has an average rating of "Buy" and an average price target of $3.00.

Denison Mines Stock Performance

NYSEAMERICAN:DNN traded up $0.02 during mid-day trading on Tuesday, hitting $1.29. 34,553,962 shares of the company's stock traded hands, compared to its average volume of 29,373,470. Denison Mines Corp. has a twelve month low of $1.08 and a twelve month high of $2.47. The company has a market capitalization of $1.15 billion, a P/E ratio of -129.40 and a beta of 1.75. The company has a fifty day moving average of $1.44 and a 200 day moving average of $1.83.

Denison Mines Company Profile

Denison Mines Corp. engages in the acquisition, exploration, and development of uranium bearing properties in Canada. Its flagship project is the Wheeler River uranium project covering an area of approximately 300,000 hectares located in the Athabasca Basin region in northern Saskatchewan. The company was formerly known as International Uranium Corporation and changed its name to Denison Mines Corp.